Despite amendments, India far from becoming a global arbitration hub

In recent times, there has been a concerted effort on part of the government to improve the arbitration landscape in India. However, despite these changes, India is still far from becoming a global arbitration hub. A few reasons standout: lack of certainty, poor legislative drafting, a reluctance to keep pace with change and, more recently, the government’s desire to keep control. Let me illustrate with three examples in the context of the 2018 Arbitration Bill:
First, those familiar with arbitration jurisprudence will remember the 2015 amendments to the Arbitration Act, which h.....

First Published: Sun,August 19 2018 21:44 IST

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